Examples of transfer payments are
A)wages,profits,interest and rents.
B)federal government spending for national defense.
C)benefits provided by CPP,welfare,and employment insurance.
D)salaries of educators,police,and fire fighters.

Question

Quizplus · Accepted Answer

Transfer payments are payments made by the government to individuals or other levels of government without the expectation of receiving goods or services in return. Examples of transfer payments include social security, pensions, unemployment benefits, and welfare payments (which are all included under CPP, welfare, and employment insurance). Choices A, B, and D involve payments for goods or services rendered.

Examples of Transfer Payments Are